Greatmark Investment Partners Inc. lifted its stake in shares of Home Depot Inc (NYSE:HD) by 0.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 44,688 shares of the home improvement retailer’s stock after buying an additional 386 shares during the quarter. Home Depot accounts for approximately 2.9% of Greatmark Investment Partners Inc.’s portfolio, making the stock its 8th biggest position. Greatmark Investment Partners Inc.’s holdings in Home Depot were worth $7,965,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in HD. Parametric Portfolio Associates LLC boosted its holdings in Home Depot by 2.8% in the third quarter. Parametric Portfolio Associates LLC now owns 3,263,114 shares of the home improvement retailer’s stock worth $533,715,000 after purchasing an additional 87,637 shares during the period. Atlantic Trust Group LLC boosted its holdings in Home Depot by 38.3% in the third quarter. Atlantic Trust Group LLC now owns 1,630,461 shares of the home improvement retailer’s stock worth $266,679,000 after purchasing an additional 451,487 shares during the period. Neville Rodie & Shaw Inc. boosted its holdings in Home Depot by 9.1% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 52,570 shares of the home improvement retailer’s stock worth $9,964,000 after purchasing an additional 4,379 shares during the period. Washington Trust Bank boosted its holdings in Home Depot by 1.8% in the fourth quarter. Washington Trust Bank now owns 45,580 shares of the home improvement retailer’s stock worth $8,639,000 after purchasing an additional 809 shares during the period. Finally, Fulton Bank N.A. boosted its holdings in Home Depot by 1.2% in the fourth quarter. Fulton Bank N.A. now owns 24,584 shares of the home improvement retailer’s stock worth $4,659,000 after purchasing an additional 291 shares during the period. 69.16% of the stock is owned by institutional investors and hedge funds.
In related news, Director Stephanie Linnartz acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were acquired at an average cost of $187.57 per share, for a total transaction of $187,570.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Holifield sold 45,549 shares of Home Depot stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total transaction of $8,510,375.16. Following the sale, the executive vice president now owns 51,879 shares in the company, valued at $9,693,072.36. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
HD stock opened at $194.02 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37. The firm has a market capitalization of $225.06 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.46 and a beta of 1.12. Home Depot Inc has a 1 year low of $144.25 and a 1 year high of $207.60.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.03. The company had revenue of $24.95 billion for the quarter, compared to analysts’ expectations of $25.17 billion. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. analysts predict that Home Depot Inc will post 9.45 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Wednesday, May 30th. Home Depot’s payout ratio is 55.23%.
A number of equities analysts have commented on the stock. Gabelli assumed coverage on shares of Home Depot in a report on Wednesday, April 11th. They issued a “buy” rating and a $206.00 price objective for the company. Deutsche Bank set a $210.00 price objective on shares of Home Depot and gave the stock a “buy” rating in a report on Tuesday, May 15th. Wells Fargo & Co assumed coverage on shares of Home Depot in a report on Monday, April 23rd. They issued an “outperform” rating and a $205.00 price objective for the company. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Finally, ValuEngine raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and an average target price of $197.25.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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